Here we look at three such plans -- Max Life Cancer Insurance Plan , AEGON Life iCancer Insurance Plan and HDFC Life Cancer Care Plan. (The increased sum insured is called the indexed sum insured as the annual increase is indexed to the initial sum insured.) Critical illness plans may not always be useful mainly because of some cancer-specific exclusions like pre-malignant tumour, non-invasive cancer (cancer in situ), prostate cancer stage 1 (T1a, 1b, 1c), etc. Cancer insurance plans appear to be more inclusive than other alternatives.HDFC Life's silver version is the cheapest among the three plans. Most cancer plans have the maturity age fixed at 75.

Source: Economic Times August 12, 2016 08:37 UTC